Loan in Mexico
Can I get a mortgage loan in Mexico using my company tax information from the U.S.? Yes. However this can be done only through private lenders. Mexican banks require a Schedule C tax form you of at least 3 years.
Key Requirements:
- Down Payment: Expect 30-40% for foreigners.
- Residency: Often not required for cross-border loans, but a CURP (Mexican ID) is needed for formal applications with some lenders.
- Credit: Lenders will pull your U.S. credit report.
- Property: You’ll typically finance property in a fideicomiso (bank trust) for foreigners.
- Minimums: Some lenders have minimum loan amounts (e.g., $100k USD).
- Specialized Lenders: Companies like MoXi (Global Mortgage), MexLend, and Yave focus on US/Canadian buyers, offering loans in USD, often secured by your US income.
- Mexican Banks: Major banks (often subsidiaries of US/Canadian banks) offer cross-border products, requiring proof of income from your home country.
- Income Verification: Your U.S. tax returns (personal or corporate), pay stubs, and bank statements are crucial for proving income stability to lenders.
- Currency: Loans are often in USD, with fixed rates and terms similar to US mortgages.
JRE Changed status to publish